Monthly Archive: February 2018

Financial investigators from Interpol, Europol and 30 other nations recently met in response to a report titled “Drugs and the Darknet” by Europol to discuss ways to reduce the increasing levels of criminal activity related to cryptocurrencies. This report showed… Read more >

A motion has been made by the US and its European allies for the Financial Action Task Force (FATF) to place Pakistan on a watchlist for countries who are non-compliant with worldwide financial regulations. Pakistan is one of 37 nations… Read more >

The Department of Justice (DOJ) has charged five former employees of Venezuela’s state energy company with money laundering, two of which were also charged with conspiring to violate the Foreign Corrupt Practices Act (FCPA). The defendants, Luis Carlos De Leon… Read more >

U.S Bank has been ordered to pay $613 million for knowingly running an anti-money laundering (AML) system with flaws and for hiding those flaws from federal officials. In January, U.S Bank customer, Scott Tucker, was sentenced to 16 years in… Read more >

Recently, Tunisia was added to the European Union’s “blacklist” which is reserved for countries that are believed to be held at high risk for money laundering and terrorism financing. Put together by the European Commission, this list includes countries that… Read more >

The U.S branch of Rabobank National Association based in the Netherlands has plead guilty to hiding known flaws in their anti-money laundering (AML) programs and for obstructing a federal investigation. Rabobank reached a settlement of $368.7 million for laundering illicit… Read more >

“I just want to say how sorry I am to my family… I love my family very much,” said Renato Rodriguez, former employee of NTR Metals in Doral Miami. Rodriguez left the courthouse in tears recently after being sentenced to… Read more >

Money laundering is a major problem rising within the United States and the current laws are just not enough to be effective in preventing this issue. Recently, Senator Elizabeth Warren put her support on the Senate floor for stricter anti-money… Read more >

The federal Financial Transactions and Reports Analysis Center of Canada (FinTrac) has released an alert to banks, credit unions and other organizations regarding drug traffickers laundering money through their organizations in relation to the deadly opioid, fentanyl. Fentanyl is wreaking… Read more >

In the wake of the anti-money laundering (AML) investigation prompted by the Panama Papers incident, the Swiss Financial Market Supervisory Authority (FINMA) has sanctioned Russia’s Gazprombank division in Switzerland. Due to their findings, FINMA announced that Gazprombank Switzerland is prohibited… Read more >